Income Tax

CBDT offers one time relaxation till 31st December for Compounding of offence under the Direct Tax Laws

7 years ago

CBDT offers one time relaxation till 31st December for Compounding of offence under the Direct Tax Laws F.No.285/08/2014-IT(Inv. V)/350 Government…

Income Tax

CBDT vide Circular No. 24/2019 has laid guidelines for launchingprosecution in respect of certain Income Tax related offences

7 years ago

CBDT vide Circular No. 24/2019 has laid guidelines for launchingprosecution in respect of certain Income Tax related offences F.No.285/08/2014-IT(Inv. V)/349…

Income Tax

E-Assessment scheme notified

7 years ago

E-Assessment scheme notified E-Assessment scheme notified

IT Judgement

Validity of addition during Assessment under section 153A if no seized document found during search at assessee’s premises

7 years ago

Validity of addition during Assessment under section 153A if no seized document found during search at assessee’s premises Short Overvivew…

IT Judgement

In case of charitable trust, excess expenditure incurred in earlier years can be set off against the income of subsequent year

7 years ago

In case of charitable trust, excess expenditure incurred in earlier years can be set off against the income of subsequent…

IT Judgement

Section 68 had no application to facts of assessee’s case because assessee had duly disclosed donations as its income.

7 years ago

Section 68 had no application to facts of assessee’s case because assessee had duly disclosed donations as its income. Short…

IT Judgement

Validity of Addition under section 69C on the strength of statement of third party without opportunity of cross-examination

7 years ago

Validity of Addition under section 69C on the strength of statement of third party without opportunity of cross-examination Short Overvivew…

Income Tax

Draft Letter for Appointment of auditor along with consent, eligibility, CTC & intimation thereof under the Companies Act – 2013

7 years ago

Draft Letter for Appointment of auditor along with consent, eligibility, CTC & intimation thereof under the Companies Act – 2013…

Income Tax

Income Tax Department unearth Rs. 16.77 Crore Refund fraud at Nashik

7 years ago

Income Tax Department unearth Rs. 16.77 Crore Refund fraud at Nashik

Income Tax

Demonetization special case: Explanation of assessee rejected by the court for the reason that it is improbable that a businessmen would keep a large amount locked up till demonetization

7 years ago

Demonetization special case: Explanation of assessee rejected by the court for the reason that it is improbable that a businessmen…

Income Tax

Rejection of explanation that assessee mighy have changed high demonetization currency note is not improper

7 years ago

Rejection of explanation that assessee mighy have changed high demonetization currency note is not improper ANIL KUMAR SINGH & ORS.…

Income Tax

Onus is on assessee to prove the source and nature of an amount received by him is not in the nature of income to avoid its addition

7 years ago

Onus is on assessee to prove the source and nature of an amount received by him is not in the…

IT Judgement

Addition under section 68 towards Cash gift is not sustainable if Assessee is not required to maintain any books of accounts

7 years ago

Addition under section 68 towards Cash gift is not sustainable if Assessee is not required to maintain any books of…

IT Judgement

Funds of the educational institution can not to be utilized by trust for any other object/purpose

7 years ago

Funds of the educational institution can not to be utilized by trust for any other object/purpose Short Overview : Since funds…

IT Judgement

Interesting case : Validity of addition where genuineness of business itself is doubted by Income Tax Authorities

7 years ago

Interesting case : Validity of addition where genuineness of business itself is doubted by Income Tax Authorities Short Overview : Where…

IT Judgement

TPO could not assume jurisdiction to determine arm’s length price of a specified domestic transaction not reported to him

7 years ago

TPO could not assume jurisdiction to determine arm’s length price of a specified domestic transaction not reported to him Short…

Income Tax

Tax Humour

7 years ago

Tax Humour

Income Tax

Provision of sec. 43CA not applicable if builder entered into agreement to sell under-construction flats

7 years ago

Provision of sec. 43CA not applicable if builder entered into agreement to sell under-construction flats Provision of sec. 43CA not…

Income Tax

CBDT offers one time relaxation till 31st December for Compounding of offence under the Direct Tax Laws

CBDT vide Circular No. 24/2019 has laid guidelines for launchingprosecution in respect of certain Income Tax related offences

E-Assessment scheme notified

Validity of addition during Assessment under section 153A if no seized document found during search at assessee’s premises

In case of charitable trust, excess expenditure incurred in earlier years can be set off against the income of subsequent year

Section 68 had no application to facts of assessee’s case because assessee had duly disclosed donations as its income.

Validity of Addition under section 69C on the strength of statement of third party without opportunity of cross-examination

Draft Letter for Appointment of auditor along with consent, eligibility, CTC & intimation thereof under the Companies Act – 2013

Income Tax Department unearth Rs. 16.77 Crore Refund fraud at Nashik

Demonetization special case: Explanation of assessee rejected by the court for the reason that it is improbable that a businessmen would keep a large amount locked up till demonetization

Rejection of explanation that assessee mighy have changed high demonetization currency note is not improper

Onus is on assessee to prove the source and nature of an amount received by him is not in the nature of income to avoid its addition

Addition under section 68 towards Cash gift is not sustainable if Assessee is not required to maintain any books of accounts

Funds of the educational institution can not to be utilized by trust for any other object/purpose

Interesting case : Validity of addition where genuineness of business itself is doubted by Income Tax Authorities

TPO could not assume jurisdiction to determine arm’s length price of a specified domestic transaction not reported to him

Tax Humour

Provision of sec. 43CA not applicable if builder entered into agreement to sell under-construction flats

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